
Bronte Capital co-founder & Investment Officer John Hempton on why he follows corporate fraudsters & short sells shares; and why he was right about Europe’s big stock fraud, Wirecard, but HOW he still lost money on it.
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Unraveling Financial Frauds: The Wirecard Scandal
This chapter explores the practice of short selling and delves into the Wirecard scandal, exposing the significant financial misconduct and regulatory failures that allowed €1.9 billion to vanish. It also draws parallels with past corporate fraud cases, highlighting the broader implications for regulatory practices in both Europe and Australia.
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